Death, taxes and rising Health Insurance Premiums seem to be the new constants in our known Universe. April fools day an appropriate date set for increases each year and fear style advertising abundant on our screens as the funds desperately try to get young people, in particular, to sign up.
Private Health Insurance is usually shrouded by concerns between the cost, and what is best for you and your family’s health. It is a substantial chunk of a family budget that many facing increased cost of living pressures simply cannot afford and need to rely on the public system. Even the traditional middle income earners have less to spend because of huge utilities costs and are choosing to opt out of private funds in droves or cutting down on many extras coverage. This has partly been responsible for sending waiting times up even higher. Western Australia has seen a 12% increase in waiting times since the downturn of its resource boom as many more return to the public system.
Why does health cover keep rising each year? Well, health costs go up each year, more people are claiming more often, an ageing population living longer and the Government actually reduces its contribution each year. Yes reduces its contribution. Which means we have to pay more each year. An average of around $200 more.
The big scary cut off point we are told is when you turn 31 as if you are not in a health fund you will be charged a surcharge. How do we know if this surcharge is worth avoiding? CHOISE has released a simple guide to help (see link below for info). CHOICE is a consumer advocate that provides Australians with information and advice, free from commercial bias. This survey asks a few simple questions and gives you an answer based on strictly financial outcomes. There are assumed variables and carefully worded disclaimers and it should not be taken as a complete and absolute guide. Whilst many would welcome a definitive yes or no, it really depends on preference as it does not consider that many people want some control of what, when and who they can use for treatment, particularly for elective surgery. Joining the waiting list at the back of the queue can be stressful when there is discomfort involved. So there is always a personal choice but usually dictated by the realities of whether you are willing to wait or can afford to jump the queue by paying for private treatment. Many can’t afford the costs and have to put up with serious discomfort as they slowly progress their way to the front of the queue in the public system, and that is not right.
So who is the real winner when it comes to health care? It still comes down to what you want and what you can afford. Like many things in life a lot depends on your income. If you’re in the big dollar bracket then you can expect to pay a hefty surcharge if you don’t have a fund. So you can save money if you stay in the health cover you can afford. If you’re young and reasonably healthy then the odds are in your favour for opting out and continuing with knowledgable ignorance. Experts say that you should put some money away in place of paying for private insurance to manage if things go wrong but good luck telling that to a young adult signing up to a new phone every year or struggling to pay a Hex debt. If you’re in the middle income bracket you can expect a lot of cajoling or sharp pointed sticks prodding you in the direction of just coughing up and paying. Middle income earners is the market where most of the fear advertising is directed. If you’re in the low income bracket with no private cover then please take a number and wait and we'll be with you as soon as we can.
In reality, we are only just hanging on to the belief that the majority of people have access to health care if they need it. No matter what they earn or if they are in a fund or not. Choice and urgency is what is quickly disappearing. Waiting lists for treatment have and will increase and without urgent attention it will spiral out of control and we may just lose the dream of affordable health for all. Cost of Living increases mean that many who have been paying the lion share are opting out and the waiting lists are growing like bread lines in a recession.
So, look at the your scenario well. Do the survey but measure the response with your needs. Check to see if you can get a better deal but be careful as to what that deal is giving you. Unfortunately it all seems a bit of a gamble with your health at stake.
Important Update
As of January 1st, 2025 the Affordable SA app will no longer be available. If you're looking for assistance or to connect with programs and services near you, please refer to our website: affordablesa.com.au, to access the assistance you need.
Affordable SA will still be available as a FREE service via website, where you can find all the services you need, in the palm of your hand.
Understanding Electricity Costs and Renewable Energy in 2025
The way Australians generate and use electricity is evolving rapidly, with a significant shift toward renewable energy sources. South Australia, once known for power shortages, became the first major jurisdiction to be powered entirely by solar energy—a remarkable milestone. As renewable energy technology becomes more widespread, you may wonder: 'will electricity become cheaper, and what steps can I take to reduce their bills today?'
The answer is promising: electricity costs are expected to decrease over time, but you can start saving now with smarter energy habits, better provider choices, and a deeper understanding of your rights as a consumer.
Your Rights as an Energy Consumer
As an energy customer in Australia, you’re protected by laws that govern your dealings with energy retailers and distributors. These rights ensure transparency, fair pricing, and access to essential energy services. Familiarising yourself with these regulations helps you make informed decisions when choosing providers and addressing billing concerns.
Choosing the Right Energy Provider
1. Use Energy Made Easy
The Energy Made Easy website is a free government service that allows households and small businesses to compare electricity and gas plans. Simply input your details to view a range of offers that suit your energy usage and location. You can also contact them directly at 1300 585 165 for assistance.
2. Key Factors to Consider
When evaluating energy plans, don’t focus solely on price. Keep these factors in mind:
- Contract Length: Are you locked into a long-term agreement, or can you switch plans easily?
- Fees and Discounts: Look out for hidden fees or discounts that may expire after a set period.
- Special Deals: Some plans offer incentives like sign-up bonuses or rebates, but read the fine print to understand long-term costs.
3. Time-of-Use Tariffs
Did you know the time you use energy can affect how much you pay? Time-of-use tariffs mean energy costs vary depending on peak and off-peak periods. Adjusting your habits, like running appliances during off-peak times, can lead to substantial savings. In South Australia, off peak times for residential is 10am - 3pm.
4. Specific Plan Types
Certain plans may cater to your unique situation:
- Smart Meter Plans: These allow for detailed tracking of your energy use.
- GreenPower Plans: For those committed to renewable energy, these plans offset your consumption with sustainable energy sources.
- Solar Energy Plans: If you have solar panels, look for plans with competitive feed-in tariffs.
- Regional Plans: Some plans are better suited for urban or rural areas, depending on infrastructure.
Reducing Energy Usage to Lower Bills
One of the simplest ways to save money on electricity is to use less of it. Conducting a home energy audit can help identify energy inefficiencies and opportunities to save. You can conduct this audit yourself by borrowing a free Home Energy Audit Toolkit from your local library.
Living Areas
- In Summer: Close windows, doors, curtains, and blinds during the day to keep the heat out. Use fans instead of air conditioners when possible, and if using air conditioning, set it to 26°C.
- In Winter: Seal draughts by closing windows and curtains. Set central heating to 18°C.
- Lighting: Switch to energy-efficient LED lights and turn them off when not in use.
- Standby Power: Switch off appliances at the wall to eliminate standby power usage.
Kitchen
- Ensure adequate space around your fridge for ventilation and check that its seals close firmly.
- Cover pots and pans when cooking to retain heat and reduce energy use.
- Only run the dishwasher when it’s full.
Bathroom and Laundry
- Wash clothes in cold water whenever possible. If using hot water, set it to 60°C.
- Dry clothes on a line instead of using a dryer.
- Install low-flow showerheads to reduce hot water usage and aim for showers no longer than four minutes.
Accessing Financial Help for Energy Bills
If you’re struggling to pay your energy bills, financial assistance may be available. Options include:
- Temporary or ongoing bill relief through government programs.
- Guidance from us at Affordable SA, call us today on 1800 025 539.
Additionally, explore our Utilities Programs listed on Affordable SA, which provide tailored solutions for reducing energy costs and managing bill payments.
The Future of Renewable Energy and Costs
As renewable energy becomes the backbone of Australia’s power grid, the overall cost of electricity is projected to decline. Solar power, wind energy, and advancements in battery storage are paving the way for a greener, more affordable future. Programs such as GreenPower and feed-in tariffs for solar customers offer opportunities to actively participate in this transition while saving money.
However, the key to maximising these savings lies in understanding your energy consumption and making adjustments today. By selecting the right provider, using energy-efficient appliances, and tapping into available support programs, you can enjoy both immediate savings and long-term benefits as Australia transitions to a renewable energy future.
Take Charge of Your Finances with ‘Be the Boss’
Managing money can be overwhelming, especially in today’s challenging economic climate. The Salvation Army’s "Be the Boss" program is here to help. This free, self-paced, three-week online course offers practical guidance to empower Australians to take control of their finances for good. Whether you're feeling out of control with your spending or just need a little help staying on track, this program provides the tools to set you on the path to financial security.
What is "Be the Boss"?
"Be the Boss" is a straightforward, user-friendly online course designed to help you assess your financial priorities, make meaningful changes, and stick to them. Here’s what makes the program stand out:
- Flexible Format: While the course is structured over three weeks, participants can choose to focus on individual sections as needed.
- Video Tutorials & Action Plans: Short, engaging videos break down financial concepts into easy-to-follow steps, and accompanying action plans help you implement what you learn.
- Tailored for Real-Life Challenges: The course addresses common financial hurdles like budgeting, saving, and managing debt, providing actionable advice to meet your specific needs.
What Will You Learn?
This program focuses on three key areas to help you master your finances:
- Understanding Your Values
- Explore what’s most important to you financially. Whether it’s saving for a home, reducing debt, or having a safety net, understanding your goals is the first step to creating a financial plan that works.
- Identifying Changes
- Identify areas where small, consistent adjustments can make a big impact. This might include tracking your expenses, cutting unnecessary costs, or prioritising essential bills.
- Taking Action
- Turn good intentions into lasting habits. The program offers strategies for staying motivated and holding yourself accountable as you work toward financial independence.
Why Participate in "Be the Boss"?
- Free of Cost: This valuable resource is completely free, making it accessible for everyone, regardless of financial situation.
- Practical and Empowering: Designed to be realistic and achievable, the program focuses on building confidence and clarity in managing money.
- Supports Broader Financial Wellbeing: It’s not just about budgeting. You’ll also gain insights into setting life goals and managing unexpected expenses.
Access Additional Support with Moneycare
For those looking for a personalised approach to financial challenges, the Salvation Army’s Moneycare service offers free and confidential financial counselling. A Moneycare counsellor can guide you through complex financial situations, provide advice on debt management, and offer a compassionate ear.
How to Get Started
Getting started with Be the Boss is easy:
- Visit the Be the Boss course page to access the course materials.
- Watch the introductory video to understand how the course works and choose the topics most relevant to your needs.
- Follow along with the videos and complete the action plans at your own pace.
Taking control of your finances doesn’t have to be overwhelming. The Be the Boss course empowers you with knowledge, practical tools, and confidence to create a brighter financial future. Start today and take the first step towards becoming the boss of your money.
For personalised advice, reach out to Moneycare on 1800 722 363.